U.S. wholesale inventories rise less than expected, sales slow

Fri Aug 8, 2014 10:09am EDT
 
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WASHINGTON (Reuters) - U.S. wholesale inventories

rose less than expected in June, which could have an impact on

the growth estimate for the second-quarter.

The Commerce Department said on Friday wholesale inventories

increased 0.3 percent after a downwardly revised 0.3 percent

gain in May.

Economists polled by Reuters had expected stocks at

wholesalers to rise 0.6 percent in June after a previously

reported 0.5 percent increase the prior month.   Continued...

 
A Costco shopping cart is shown at a Costco Wholesale store in Carlsbad, California September 11, 2013.  REUTERS/Mike Blake